In India, we have something called as Employee Provident Fund.
As a rule, the company has to contribute a certain amount to this fund (10% of basic component) and a part is taken from the employee's salary (12%). This then fetches an interest of 8.5% (could vary every year) and can be taken out after leaving the company or after retirement.
Should this be considered as part of the PP?
[PP India] Should Employee Provident Fund be considered a part of PP or not?
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MachineGhost
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Re: [PP India] Should Employee Provident Fund be considered a part of PP or not?
Deep Cash.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: [PP India] Should Employee Provident Fund be considered a part of PP or not?
OK. Thanks.MachineGhost wrote: Deep Cash.